The Charlesmead Foundation

PROVIDENCE, RI EIN: 52-1550204

The Charlesmead Foundation Inc. is a private grantmaking foundation based in Providence, Rhode Island. Established in 1988, it operates as a 501(c)(3) charitable organization with tax-deductible donation status. The foundation maintains its principal office at 10 Memorial Boulevard, Suite 1003, in Providence.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$22.5M

+17.4% YoY

Annual Giving

$1.4M

+71.3% YoY

Grant Count

+9.4% YoY

Avg Grant Size

$40K

+56.7% YoY

Under IRS private-foundation payout rules, The Charlesmead Foundation reported a distributable amount of $1.3M for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Grantmaking

The foundation is an active grantmaker with the following characteristics:

Grant Range

s ranging significantly from smaller awards to substantial grants of up to $250,000.

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Geographic Focus

Where this funder awards grants

The foundation has demonstrated funding activity in multiple states, including support for educational and arts initiatives in Maryland and other regions.

Grant Distribution by State

Maryland $3.3M (65%)

Pennsylvania $385K (7%)

New Hampshire $375K (7%)

North Carolina $350K (7%)

Florida $320K (6%)

New Jersey $100K (2%)

Rhode Island $96K (2%)

Vermont $93K (2%)

+6 more states

States

Connecticut District of Columbia Florida Georgia Massachusetts Maryland Michigan North Carolina New Hampshire New Jersey New York Pennsylvania Rhode Island Vermont

Cities

Ann HarborAthensBaltimoreBarringtonChapel HillChestnut HillCoral GablesHanoverHavre De GraceHunt ValleyMiamiMiami BeachNew HavenNew YorkNewarkNorwalkOwing MillsOwings MillsPalmetto BayPhiladelphia

Financial History

Multi-year comparison from IRS filings

As of the most recent tax filing (2023):

Total assets: $19.2 million to $25 million
Total revenue (2023): $1.57 million
Total expenses (2023): $1.46 million
Total liabilities: $0
Contributions: $0 (reported on Form 990-PF)

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$22,523,793	$19,186,701	$18,726,410
Revenue	$2,872,872	$1,571,237	$890,691
Expenses	$2,048,815	$1,463,419	$1,435,358
Qualifying Distributions	$1,545,517	$963,905	$1,035,237
Net Investment Income	$2,377,530	$1,088,331	$497,097
Distributable Amount	$1,273,036	$1,154,444	$1,191,653

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

171 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Rebuild Metro ($300,000), Rebuild Metro ($300,000), Collegebound Foundation ($125,000).

Recipient	Purpose	Amount
ASHLEY ADDICTION TREATMENT HAVRE DE GRACE, MD	NEW RESEARCH CENTER ON CAMPUS	$100,000
ATTIC YOUTH CENTER PHILADELPHIA, PA	GENERAL SUPPORT	$22,000
BALTIMORE MUSEUM OF ART BALTIMORE, MD	GENERAL SUPPORT	$1,000
BALTIMORE SCHOOL FOR THE ARTS BALTIMORE, MD	GENERAL SUPPORT	$5,000
BALTIMORE SYMPHONY ORCHESTRA BALTIMORE, MD	GENERAL SUPPORT	$2,000
BARRINGTON PUBLIC LIBRARY BARRINGTON, RI	GENERAL SUPPORT	$2,250
BASS MUSEUM OF ARTS MIAMI BEACH, FL	GENERAL SUPPORT	$5,000
BAYSIDE FAMLY YMCA BARRINGTON, RI	GENERAL SUPPORT	$7,000
BROWN MEMORIAL TUTORIAL PROGRAM BALTIMORE, MD	GENERAL SUPPORT	$1,000
COLLEGEBOUND FOUNDATION BALTIMORE, MD	CAPITAL CAMPAIGN AND COLLEGE COMPLETION PROGRAM	$125,000

Leadership & Key People

Leadership team and compensation from IRS filings

The foundation is led by the following individuals:

Kathryn Deering — President
John Warren — Trustee
Maron Deering — Trustee
Spencer Deering — Trustee
Heather Crosby — Trustee

All leadership positions are held on a volunteer basis with no reported compensation.

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
KATHRYN DEERING	PRESIDENT	2	—
JOHN WARREN	TRUSTEE	1	—
MARON DEERING	TRUSTEE	1	—
SPENCER DEERING	TRUSTEE	1	—
HATHER CROSBY	TRUSTEE	2	—

Recent News & Activity

Recent developments and announcements

The foundation has supported educational and arts initiatives, including a partnership with the University of Maryland, Baltimore County (UMBC) to expand arts opportunities for K-8 students in Baltimore.

UMBC Expands Arts Opportunities For K-8 Students In Baltimore Through Charlesmead

Frequently Asked Questions

How do I apply for a grant from The Charlesmead Foundation?

The foundation is an active grantmaker with the following characteristics: • **Total giving (2023):** $820,000 • **Total distributions (2023):** $964,000 • **Grant median:** $9,300 • **Grant maximum:** $250,000 • **Number of grants (recent year):** 32 grants The foundation distributes grants to various charitable organizations, with grant sizes ranging significantly from smaller awards to substantial grants of up to $250,000.

Where does The Charlesmead Foundation make grants?

The foundation has demonstrated funding activity in multiple states, including support for educational and arts initiatives in Maryland and other regions.

What size grants does The Charlesmead Foundation award?

In 2024, The Charlesmead Foundation awarded 35 grants totaling $1.4M — an average of about $40K per grant, based on its IRS Form 990 filings.

How much is The Charlesmead Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Charlesmead Foundation reported a distributable amount of $1.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.